Carpenter Technology has invested US$23 million to add titanium furnace equipment to its new superalloy powder facility, reports decaturdaily.com.
The purchase will raise Carpenter’s investment in its second Tanner plant to US$61 million, according to Tom Hill, Limestone County Economic Development Association president.
The new plant’s titanium powder product offering will increase Carpenter’s reach into aerospace and medical markets and offer growth opportunities in transportation, said Tony R. Thene, Carpenter president, CEO and director.
This story uses material from decaturdaily.comand Carpenter with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.